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A tax on financial transactions that would both generate revenue and restrict capital flows is known as a ______ tax.
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15 votes
15 votes
A tax on financial transactions that would both generate revenue and restrict capital flows is known as a ______ tax.

User Mohamed Hamza
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26 votes
26 votes

Answer:

Tobin Tax

Step-by-step explanation:

"The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation, named after economist James Tobin."

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User Melik
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